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The natural concentration on price, depending on your system, may well be
because you have identified the particular behaviour in price that
results in an upcoming move.
Many systems out there do not seek to buy at the lows and sell at the
highs. Indeed many people believe that it is attempting to capture all
of a move will result in loss making. Reminiscences of a Stock Operator
is an excellent book which, reading between the lines, suggests just
this, and this book was written over 75 years ago.
Aongus O'Gorman
Gandon
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There is a natural concentration on price when constructing a trading
methodology or system. The idea being to capture and sell the high or
low as close as possible to maximize leveraged gains without incurring
consumate risks and drawdowns.
Movement should be the first area of concentration when attempting to
maximize profits. Has there been any attempts to identify periods of and
capture maximum price "movement" instead of highs and lows.
Which would you rather have, selling the high of a swing and have the
price
stay within a 1% range for the next 10 days or sell before a 20% move for
the next 2?
Any work or thoughts on this would be welcomed.
See U
Tom
planeacres@xxxxxxxxxxxxxxxx
Always question Authority, they deserve it.
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